Patterson-UTI Energy (NASDAQ:PTEN) Is Paying Out A Dividend Of $0.08 [Yahoo! Finance]
Patterson-UTI Energy, Inc. (PTEN)
Last patterson-uti energy, inc. earnings: 4/23 06:01 am
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patenergy.com
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Source: Yahoo! Finance
Based on this payment, the dividend yield on the company's stock will be 3.9%, which is an attractive boost to shareholder returns. Check out our latest analysis for Patterson-UTI Energy If the payments aren't sustainable, a high yield for a few years won't matter that much. While Patterson-UTI Energy is not profitable, it is paying out less than 75% of its free cash flow, which means that there is plenty left over for reinvestment into the business. This gives us some comfort about the level of the dividend payments. Looking forward, earnings per share is forecast to rise exponentially over the next year. Assuming the dividend continues along recent trends, we think the payout ratio will be 2.2%, which makes us pretty comfortable with the sustainability of the dividend. The company's dividend history has been marked by instability, with at least one cut in the last 10 years. Since 2014, the dividend has gone from $0.40 total annually to $0.32. Doing the maths, this is a decli
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PTEN
News
- Patterson-UTI Reports Drilling Activity for October 2024 [Yahoo! Finance]Yahoo! Finance
- Patterson-UTI Reports Drilling Activity for October 2024Accesswire
- Patterson-UTI Energy, Inc. (NASDAQ: PTEN) had its price target lowered by analysts at Citigroup Inc. from $11.00 to $10.00. They now have a "buy" rating on the stock.MarketBeat
- Patterson-UTI Energy, Inc. (NASDAQ: PTEN) had its price target lowered by analysts at Raymond James from $12.00 to $11.00. They now have a "strong-buy" rating on the stock.MarketBeat
- Patterson-UTI Energy, Inc. (NASDAQ: PTEN) had its price target lowered by analysts at Royal Bank of Canada from $12.00 to $11.00. They now have an "outperform" rating on the stock.MarketBeat
PTEN
Earnings
- 10/23/24 - Miss
PTEN
Sec Filings
- 11/8/24 - Form SC
- 10/28/24 - Form 10-Q
- 10/24/24 - Form 8-K
- PTEN's page on the SEC website